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There is no doubt that investment is one of the best ways to increase wealth. We are talking about real wealth, not the impressive returns you get from your savings account. If you really want to increase your capital, you need a return from your investment.
Of course we all know this. But many of us have things that hinder our progress. Maybe we don’t know how to start. Maybe we feel completely beyond our element. Maybe now is not the right time. There are many excuses not to invest-and most people do not insist.
This is the main reason why people don’t invest-and how to get along with them and start accumulating real wealth.
1. I don’t know what I’m doing
Come on, this has never stopped me from doing anything! Of course, once I tried to change the oil, I did manage to break the car…
just joking! Seriously, don’t be intimidated by investment games. A bunch of apps, websites and tools specially designed for beginners.
we like Tibetan, Because it allows you to choose from hundreds of stocks and funds to build your own investment portfolio. However, it can be made very simple by dividing them into categories based on your personal goals. Want to make a conservative investment right away? Completely understand! Want to get involved with a moderate or aggressive risk? Do what you feel.
Stash will not give you trouble with industry jargon, but rather provides easy-to-understand names for its investment funds. You can invest in technology companies, green energy providers or cybersecurity companies through funds such as “American Innovators”, “Clean and Green” or “Data Defenders”. Or, you can invest in funds such as “Roll with Buffett”, “Moderate Mix” or “Global Citizen”.
2. I am afraid of losing my money
We got it. Of course, the stock market can look frightening and turbulent, especially for new investors. Stocks rise, stocks fall. The past year was basically a roller coaster of Wall Street.
But the trick is to persevere and have long-term development prospects. According to data from well-known institutions such as the US Securities and Exchange Commission, historically, the average annual return on stock market investment is 7% (adjusted for inflation).
In other words, don’t be afraid to lose money. Just make sure you invest a responsible amount and stick to it.
3. Now is not the right time-one day, I will
If you stick to this belief, it will no way It’s the right time. no way.
Hear the views of Robin Hartill, a registered financial planner, as well as the editor and financial consulting columnist of “The Penny Hoarder”. Her advice: Since the stock market will increase your capital over time, it is best to start early, not later.
Hartill said: “The time to invest is much more important than how much time to invest.” “In the past 50 years, the S&P 500 has provided an average annual inflation-adjusted return of about 7%. The cost of waiting for the best investment time is high. You missed long-term growth.”
4. I can’t afford the investment
You have the ability to invest. You can start small.
Investment does not require you to invest thousands of dollars in full stock. In fact, Tibetan, The minimum is only $1. *
A share of Amazon stock costs more than $3,000, but you can still invest in Amazon like a rich person. Stash allows you to invest in a portion of stocks, which means you can invest in stocks that you can’t normally afford.
If you Sign up now (It takes two minutes), after you add 5 dollars to the investment account, Stash will give you 5 dollars. The cost of the subscription plan starts at $1 per month. **
We all have excuses. If you want to increase funding, you must go beyond this.
Just started. this is very simple.
Indeed, it is much easier than you think.
Mike Brasfield ([email protected]) Is the senior writer of The Penny Hoarder. He is not rich, but you better believe that he will invest.
*For securities priced at more than US$1,000, the purchase price of fractional stocks starts at US$0.05.
**You will also bear the standard fees reflected in the ETF pricing in your account, as well as various ancillary service fees charged by Stash and the custodian.
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